LIV Golf CEO Scott O'Neil has moved to alleviate concerns about the league's financial future, stating that the 2026 season will continue as planned without interruption. This comes after reports emerged suggesting that Saudi Arabia's sovereign wealth fund may be reconsidering its financial backing of the league.
O'Neil emphasized in a memo to staff that the season will proceed 'at full throttle,' despite speculation about the league's funding. The memo was sent in response to reports from The Daily Telegraph and the Financial Times, which indicated that LIV Golf executives had been summoned to an emergency meeting in New York to discuss the potential withdrawal of Saudi Arabia's Public Investment Fund (PIF) support. The PIF has already invested significant amounts in LIV Golf, with estimates suggesting that the league has spent $5.3 billion to date.
The future of LIV Golf remains uncertain, with questions surrounding the long-term funding of the league. However, O'Neil remains optimistic, stating that the league will continue to push forward and disrupt the status quo in the golf world.